SEPC Secures Rs 6,733.2 mn SAIL Order for IISCO Expansion
ECONOMY & POLICY

SEPC Secures Rs 6,733.2 mn SAIL Order for IISCO Expansion

SEPC (formerly Shriram EPC) has secured an order worth Rs 6,733.2 mn from Steel Authority of India (SAIL) for expansion of the IISCO Steel Plant in Burnpur, West Bengal. The contract will be executed across two packages and is quoted to run for 30 to 33 months under SAIL's four point zero eight mn t per annum crude steel expansion project. The company disclosed the award in a regulatory filing and stated the aggregate contract value is net of taxes.

The first package, designated COB-3, is valued at Rs 2,967.7 mn and covers a Coke Oven Balance of Plant scope excluding civil and structural works. The second package, designated SP-2, is valued at Rs 3,765.6 mn and relates to a Sinter Plant balance of plant scope that includes civil and structural works. Both packages form part of the same expansion programme under the SAIL project.

IISCO Steel Plant in Burnpur is one of SAIL's integrated steel facilities and the expansion forms part of the state firm's capacity scale-up measures aimed at increasing crude steel output. SEPC has built a book of orders across water and wastewater treatment, roads, industrial infrastructure, and mining segments and the firm has been active in securing industrial infrastructure contracts. The contract represents the latest infrastructure award for the engineering and construction player.

Venkataramani Jaiganesh, managing director of SEPC, described the win as evidence of public sector confidence in the company's engineering and execution capabilities and said the order would strengthen the firm's order book and revenue visibility. Financial filings show SEPC reported total income of Rs 10,858 mn for the financial year ended 2026, up from Rs 6,460 mn a year earlier, with net profit for the year at Rs 535 mn and EBITDA of Rs 1,089 mn. The company will proceed with project mobilisation and execution while monitoring timelines and regulatory clearances.

SEPC (formerly Shriram EPC) has secured an order worth Rs 6,733.2 mn from Steel Authority of India (SAIL) for expansion of the IISCO Steel Plant in Burnpur, West Bengal. The contract will be executed across two packages and is quoted to run for 30 to 33 months under SAIL's four point zero eight mn t per annum crude steel expansion project. The company disclosed the award in a regulatory filing and stated the aggregate contract value is net of taxes. The first package, designated COB-3, is valued at Rs 2,967.7 mn and covers a Coke Oven Balance of Plant scope excluding civil and structural works. The second package, designated SP-2, is valued at Rs 3,765.6 mn and relates to a Sinter Plant balance of plant scope that includes civil and structural works. Both packages form part of the same expansion programme under the SAIL project. IISCO Steel Plant in Burnpur is one of SAIL's integrated steel facilities and the expansion forms part of the state firm's capacity scale-up measures aimed at increasing crude steel output. SEPC has built a book of orders across water and wastewater treatment, roads, industrial infrastructure, and mining segments and the firm has been active in securing industrial infrastructure contracts. The contract represents the latest infrastructure award for the engineering and construction player. Venkataramani Jaiganesh, managing director of SEPC, described the win as evidence of public sector confidence in the company's engineering and execution capabilities and said the order would strengthen the firm's order book and revenue visibility. Financial filings show SEPC reported total income of Rs 10,858 mn for the financial year ended 2026, up from Rs 6,460 mn a year earlier, with net profit for the year at Rs 535 mn and EBITDA of Rs 1,089 mn. The company will proceed with project mobilisation and execution while monitoring timelines and regulatory clearances.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code